Analysis:Aftershocks of carry trade at heart of market rout could still have reverberations

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Analysis:Aftershocks of carry trade at heart of market rout could still have reverberations - Channel News Asia

Quick Summary:

NEW YORK : Investors said the aftershocks of a massive carry trade that has reverberated through global financial markets wasn't done yet, with more unwinding in the days ahead raising the risk of shake-outs to other assets.

"We expect the sell-off to continue for maybe a few more days as usually these...trades are pretty large," said Zhe Shen, head of diversifying strategies at TIFF Investment Management.

The Nasdaq Composite and the S&P 500 trimmed losses by the close on Monday, capping off a brutal three-day selloff while Tokyo markets rebounded from a similar rout in trading on Tuesday.